Elaine’s will become a development site … and more

1. Elaine’s is turning into a development site
[Post, 1st item]
2. East Hampton sees an increase in seasonal stores
[NYT]
3. Residential building at 135 William Street could sell for $30 million [Post, 2nd item]
4. Two new bike shops open in Williamsburg [Brooklyn Paper]
5. Urban Outfitters signs on to occupy retail space at 450 West 14th Street [Post, 4th item]
6. New York State leads U.S. in average amount of negative equity
[WSJ]
7. Federal judge presides over Brooklyn property fight
[NYDN]
8. Chetrit to turn 396 Broadway into luxury rental
[Post, 3rd item]
9. CVS moves into the ground floor of the Andrea at 218 Myrtle Avenue
[Brownstoner]
10. UWS residents find food trucks unsavory [Gothamist]
11. Legislators make a deal on rent regulation, Albany style
[Post]
12. 3rd Ward requests proposals for cafe [Grub Street]